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To: TheWriterTX
The building manager should have recommended and the board should have voted to approve having the engineering firm create a scope and then gone out to bid ASAP while calling for a massive special assessment. If they did not, they are in trouble

It's been reported on other media that there was in fact a substantial assessment (on the order of 100K per unit), which would have been about $15MM for the building. It's been described as "balcony repair", but that much money sounds more like structural remediation than some cosmetic repairs.

In any event, maintenance was obviously deferred for decades, regardless of what other contributing factors will be found by forensics.

100 posted on 06/27/2021 1:28:12 PM PDT by absalom01 (You should do your duty in all things. You cannot do more, and you should never wish to do less.)
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To: absalom01

Then it appears that everyone was acting in good faith to fix the issue.

I am working on a building that has almost two decades of deferred maintenance. I’ve blown the budget every year by over $150K just getting things repaired. I need $6M more.

You read that right. Six million.


103 posted on 06/27/2021 3:48:09 PM PDT by TheWriterTX (Trust not in earthly princes....)
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To: absalom01

It also depends on how long the building manager was on property and what prior boards did/did not do. The person before me didn’t have a clue.


104 posted on 06/27/2021 4:11:25 PM PDT by TheWriterTX (Trust not in earthly princes....)
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